Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
CoinsInTheCan
on 21/01/2018, 10:42:12 UTC
So many warnings in the claiming instructions...
How it is more risky to use the private key from Ledger Nano S in Agama, than using some other private key in Agama ??

"[Note: You can also use only with 1 Ledger Nano S for this purpose. But, you have to leave your funds exposed(!) for longer. Not recommended.]" ... Exposed to whom, where, how ??
I get the impression that there is some added danger there contrary to using only Agama without any hardwarewallet in the first place.

I'm reasoning that it must be a wrong impression because: Generating private key from the Nano S seed is done offline, logging in to Agama is done offline too (local signing) and resetting the Nano S is also done offline, so the seed/private key is not going anywhere from my PC. That means the only risk is stepping down from hardware-level security to software-level security only momentarily. If you don't have keyloggers, compromised wallet etc. it is not that big of a risk at all.
Is my reasoning reasonable ?